Record loan payments and additional principal
Record a payment already made, including any extra principal shown by your lender.
On this page
Have the lender statement with the payment date, total, component amounts and principal balance. Check whether the same withdrawal is already imported or recorded. Recording a payment in Rentari does not send money.
Lender escrow funding is an asset until the lender pays taxes or insurance; it is not an expense or a tenant trust transaction. The dated loan tracker does not establish general-ledger opening debt or escrow balances; record those separately through Opening balances.
Step 1: Open the payment form
Open Accounting > Loans. On the correct loan, choose Record loan payment, or open View loan and choose Record payment. For an imported withdrawal, open its booking form, choose Loan payment and the loan, then continue to the statement payment form. Check whether the source is manual or imported.
Step 2: Enter the actual payment split
Enter Payment date and Total payment. Fill Principal, Interest, Lender escrow and Additional principal from the statement. Enter zero for a part that does not apply. The four parts must equal the total. For a separate principal-only payment, record its actual date and total separately, put the lender-confirmed extra principal in Additional principal and enter zero for the other parts. Do not repeat the regular payment.
Step 3: Check the balance and statement reference
Check Statement principal balance before payment and Balance as of. A saved dated balance is read-only; resolve missing payments if it differs from the statement. Enter Statement reference / note. Select Save these amounts as suggestions for my next review only if you want to reuse this split.
Step 4: Review and record
Choose Review payment. Compare the four parts, payment date, total and principal balance after payment. To save the reviewed record, type RECORD LOAN PAYMENT and choose Record loan payment. Read the result, then close to refresh activity. Check the existing record before starting another entry if the result is uncertain.
Check the result
- Payment activity shows the saved split and dated principal balance. Additional principal reduces the recorded balance along with regular principal.
FAQs
Do I add extra principal to Interest?
Use Additional principal for the amount the lender applied as extra principal. Copy the actual split from the statement; do not change another part just to make the total fit.
Should I save a one-time extra payment as a suggestion?
Leave Save these amounts as suggestions for my next review clear when the split is only for this payment. A saved suggestion must still be checked against the next statement.
How do I correct an incorrect payment?
Open Payment activity and review the whole payment. The latest unchanged payment may offer Reverse. Follow the troubleshooting guide before recording a replacement. A bookkeeping reversal does not move money.